Berkshire Global Advisors Acted as Exclusive Financial Advisor to Marcum Wealth

  • Date: February 2025
  • Sector: Wealth Management
  • Sub-Sector: RIAs & Hybrid RIAs
  • Region: Americas
  • Seller AUM: $4.3 Billion
Seller Details:

Marcum Wealth is an independent fee-based wealth management firm headquartered in Cleveland, OH with $4.3 billion in AUM as of December 31, 2024. Founded in 2006, the firm provides comprehensive financial planning and wealth management services for multi-generational families along with exit planning and retirement plan solutions for business owners.

Buyer Details:

Wealth Enhancement is an independent wealth management firm that offers comprehensive and customized financial planning and investment management services to high-net-worth clients nationwide. Backed by TA Associates and Onex, WE serves over 62,000 households from their 140+ offices.

Transaction Summary:

Wealth Enhancement (“WE”) announced that it has signed a definitive agreement to acquire Marcum Wealth, LLC (“Marcum”). WE will acquire 100% of Marcum Wealth’s equity, which is primarily owned by a broad group of its advisors, with a minority stake held by Marcum LLP (now part of CBIZ). The transaction is expected to close in May of 2025.

 

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